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Marina Lofts in Fort Lauderdale may finally get built

The Marina Lofts, a major Fort Lauderdale residential development designed by acclaimed architect Bjarke Ingels, finally may be headed for a groundbreaking construction. The Fort Lauderdale City Commission approved the planned 856-unit residential complex, called Marina Lofts, in 2013 despite criticism of Ingels’ unusual design of the development, including two buildings that appear torn apart. Asi Cymbal, the developer, told Bisnow he expects to raise enough equity financing this year to start construction of Marina Lofts as a rental apartment property. “We’re talking to potential [joint venture] and equity partners and hope to make a major announcement by year’s end,” Cymbal told Bisnow in a phone interview. He told Bisnow his potential partners are “significant players in the multifamily and hospitality sector as well as ...

The Atlantic Crossing mixed-use complex in downtown Delray is finally under construction

Construction of the $300 million, six-building Atlantic Crossing at Federal Highway and Atlantic Avenue in Delray Beach is expected to conclude in 2022. The four-story Atlantic Crossing complex will encompass 83,000 square feet of office space, 76,000 square feet of space for retail stores and restaurants, 261 rental apartments and 82 condominium units. Edwards Cos., the developer, filed a lawsuit in 2015 alleging the city deliberately stalled the development. Edwards originally proposed Atlantic Crossing in 2011. The developer and the city settled the lawsuit in 2017. Jeff Edwards, president of Edwards Cos., said in a prepared statement that “our confidence [in Atlantic Crossing] has only grown over the six years the project has been in design and review.” [Palm Beach Post] – Mike Seemuth For ...

Martin County rejects 2,400-plus homes on 2,600 acres in proposed Harmony Ranch community

County commissioners unanimously denied a proposal to develop more than 2,400 houses on a 2,600-acre site in southwest Martin County. The proposed residential development on a rural property called Harmony Ranch would have required changes to the county’s comprehensive land-use plan. In the last 15 years, the county commission has rejected multiple proposals to develop Harmony Ranch, which long has been used for cattle ranching. A company called Hobe Sound Ranch proposed changing the land-use designation of the 2,600-acre site from one allowing one residential unit per 20 acres to designations allowing denser residential development. Hobe Sound ranch also wanted changes to the county’s comprehensive plan that would have allowed for the extension of water and sewer service to Harmony Ranch. The property, west of ...

Construction starts on Four Seasons hotel and condominium in Fort Lauderdale

The postponed construction of the Four Seasons Hotel and Private Residences Fort Lauderdale started this week. The foundation of the Four Seasons is scheduled for completion by the end of the year. The hotel-and-condominium building is expected to open in the fourth quarter of 2020. Fort Partners, led by Miami developer Nadim Ashi, is building the Fort Lauderdale property together with Toronto-based Four Seasons. Ashi, who holds the Four Seasons franchise for the east coast of Florida, delayed the groundbreaking for a year while he focused on finishing construction of the Four Seasons Hotel and Private Residences at The Surf Club in Surfside. The 22-story Four Seasons development at 505 North Fort Lauderdale Beach Boulevard will have 130 hotel rooms and 90 residential condominium units. ...

Central Florida developer plans rental development in Palm Beach Gardens

A developer based in Central Florida plans to acquire vacant land in Palm Beach Gardens for construction of a 263-unit apartment property. Winter Park-based P.A.C. Land Development Corp., led by Tom Cavanaugh, has a contract to buy the 11.68-acre vacant site in Palm Beach Gardens, the South Florida Business Journal reported. The developer’s planning firm, Cotleur & Hearing Landscape Company, filed an application for approval of the planned rental property development, called Latitude Apartments. Don Hearing of Jupiter-based Cotleur & Hearing wrote an application for city approval of Latitude Apartments, noting that the development would be “a high-end rental project that is designed to primarily serve young professionals.” The proposed development site is at the southeast corner of Central Boulevard and Victoria Falls Boulevard, just ...